E656 The Midway, Newcastle upon Lyme ST5
Two hundred and eleven self-contained, High-Spec Student Apartments in a ten-storey
Development located in the centre of Newcastle under Lyme
sold on 250 year leases from 1st January 2020
at a combined (rising) ground rent income of £63,300 per annum.
The ground rents are reviewed, upward only, every five years to RPI
The Landlord Insures and recovers costs from the Lessees
Sum Insured: £10,774,445. Premium: £24,340.20. Renewal Date: 6TH August 2021
Lessee Management Company manages
The Landlord owns everything above the ceilings, below the floors and the building envelope
and can Develop as they see fit
The Lessees cannot alter their premises without the written consent of the Landlord
All of the units have been sold
Section 5 Notices need to be served
Communal Areas: Reception; Mezzanine Luxury Lounge; Laundry Rooms
Copy documents held electronically: Executed Lease; Title Plan; Insurance Summary;
& Picture Gallery
Original Developer Selling
Guide Price: On Application
